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Accessible Loans
My Home Finance is a Deloitte Social Innovation Pioneer

By: Tiana Reid (Rockstar) May 17, 12

Selected as one of the Deloitte Social Innovation Pioneers, My Home Finance is a social enterprise based in London with a seemingly simple mission. The goal is to provide people with affordable and fair loans, access to bank accounts and savings.

“You cannot get a bank account if you are on benefits or on a low wage,” Louise, a housewife, told BBC in 2010. “With My Home Finance, they open a bank account, which means you can start your credit score off and can get direct debit sorted to pay bills. This is a way of getting a foot on the ladder.”

And that quote is a testament to the fact many people are shut out from mainstream financial services which can create a cycle of being unable to save and have healthy and prosperous finances.

My Home Finance runs alongside a bigger trend of companies in urban centers, like Fair Finance, attempting to create a more just world when it comes to finance.

Contact Information
My Home Finance website

Source: bbc
Readmore: myhomefinance.org.uk

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